115 W State Road 38, Pendleton, IN 46064
Property image
Property image
PENDING
27.31 ACRES

115 W State Road 38
Pendleton, IN 46064

  • 4 Beds
  • 2 Baths
  • 3,435 sqft (on 27.31 acres)

$1,900,000

$1,900,000

4 Beds
2 Baths
3,435 sqft
(on 27.31 acres)

Home Highlights

Parking
Garage
Outdoor
Pool
Climate Control
Heating & Cooling
Price/Sqft
$553
Listed
180+ days ago

Local Information

  • Map ViewExplore the area around 115 W State Road 38.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

HUGE PRICE REDUCTION! Outstanding equestrian facility in Pendleton, IN! Down a long driveway off the main road sits a beautiful home and several excellent support buildings on 27.31 +/- acres. A property you won't find anywhere else with its charm and facilities providing many opportunities for country living and equestrian needs. This unique home was built in 1879 with a total of 2,434 sqft. It has 4 bedrooms, 2 bathrooms, and an unfinished 1,000+ sqft basement. The kitchen is a gathering spot in this home with its open space and high-end appliances. Outside relax on the porch next to the inground heated pool and pool house. This property not only has the main home, but two other fully functional guest homes, and a 24' by 24' heated detached 2 car garage. Walk around this facility and you will find several high end barns and stables. Many paddocks, pastures, and arenas for equestrian training ready for its new owner. Take notice of the useful barns available. 1. A new 60' x 176' indoor riding arena with grandstands and judging platform. 2. A 60' x 80' horse barn that has 12 stalls, tack room, and storage space. 3. A 36' x 48' barn with 5 horse stalls. 4. A handy storage, feed, and equipment barn with 4 horse stall and tack storage. 5. The original arena and stall location with a unique feel and design! Added in recent years is the outdoor arena with lighting, allowing for late evening and night training. A professionally lit outdoor arena, perfect for evening riding sessions and events. Additional Equestrian Amenities: 21 paddocks, round pen, stable areas, trailer storage, and more!

Home Details for 115 W State Road 38

Active Status

MLS Status: Pending

Interior Features

Interior Details
Basement: UnfinishedNumber of Rooms: 9Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Hearth Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 3435 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Disposal, Microwave, Double Oven, Range Hood, RefrigeratorDishwasherDisposalMicrowaveRefrigerator
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Gas LogHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Hardwood
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoFloors: Hardwood

Exterior Features

Exterior Home Features
Fencing: FencedFoundation: Concrete Perimeter, Stone
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached
Pool
Pool: Heated, In GroundPool
Farm & Range
Horse Amenities: None, Arena, Barn, Boarding Facilities, Pasture, Stable(s), Tack Room, See Remarks

Days on Market

Cumulative Days on Market: 395Days on Market: 180+

Property Information

Year Built
Year Built: 1879
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential, FarmArchitecture: Italianate
Building
Construction Materials: Stone, Vinyl SidingNot a New ConstructionNot Attached PropertyHas Additional Parcels
Property Information
Parcel Number: 481425100005000012Additional Parcels Description: 481425100003000012

Price & Status

Price
List Price: $1,900,000Price Per Sqft: $553
Status Change & Dates
Off Market Date: Sun Jul 05 2026

Location

Direction & Address
City: PendletonCommunity: No Subdivision
School Information
Jr High / Middle School: Pendleton Heights Middle SchoolHigh School: Pendleton Heights High SchoolHigh School District: South Madison Com Sch Corp

Agent Information

Listing Agent
Listing ID: 22043463

Building

Building Area
Building Area: 3435 Square Feet

HOA

No HOA

Lot Information

Lot Area: 27.31 Acres

Listing Info

Special Conditions: None

Miscellaneous

BasementMls Number: 22043463Attic: Access Only, Permanent Stairs
Last check for updates: about 13 hours ago
Listing Provided by: Caleb Cleek
Jeff Boone Realty, LLC
Terry Sheets, (765) 810-5351
Jeff Boone Realty, LLC
Source: MIBOR as distributed by MLS GRID, MLS#22043463
Also Listed on MIBOR as distributed by MLS GRID.

Market trends in Pendleton

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$305K
$373MoM
Sale-to-List Price
—
Price per sq ft
$155
$3MoM
Available listings
73
16MoM

Price and Tax history

DateEventPrice
Jul 6, 2026
Source: MIBOR as distributed by MLS GRID #22043463
Pending
$1,900,000
Jun 16, 2026
Source: MIBOR as distributed by MLS GRID #22043463
PriceChange
$1,900,000
Price decreased by 32%
Aug 11, 2025
Source: MIBOR as distributed by MLS GRID #22043463
PriceChange
$2,800,000
Price decreased by 26%
Oct 17, 2024
Source: MIBOR as distributed by MLS GRID #21999492
PriceChange
$3,800,000
Price increased by 62%
Sep 4, 2024
Source: MIBOR as distributed by MLS GRID #21999492
PriceChange
$2,345,678
Price decreased by 47%

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Home Value

Trulia Estimate
$1.75M
Since last month
Decreased$8K (-0.5%)
Since last year
Decreased$2M (-50.1%)
Since last sale
Increased$449K (+34.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +528% in the last 10 years
MonthEstimated value
2026
August 2026$1.75M
July 2026$1.77M
June 2026$1.76M
January 2026$2.53M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7590 S 25 E, Pendleton, IN
0.89
Single-Family Home
$1,425,000
02/20/26
5
5
13,521
7046 Mayapple Ln, Pendleton, IN
1.32
Single-Family Home
$550,000
01/26/26
5
4
3,446
6933 Knoll Crest Way, Pendleton, IN
1.39
Single-Family Home
$386,000
12/12/25
4
2.5
2,803
8237 S 100 E, Markleville, IN
1.22
Single-Family Home
$308,200
12/23/25
2
2
1,560
9189 S 150 W, Pendleton, IN
1.92
Single-Family Home
$660,000
11/03/25
4
3
4,935
1227 Pendle Hill Ave, Pendleton, IN
1.64
Single-Family Home
$376,900
12/03/25
4
2
2,158
9007 Surrey Dr, Pendleton, IN
1.42
Single-Family Home
$280,000
06/06/26
3
2
1,578
8091 S 100 E, Pendleton, IN
1.21
Single-Family Home
$265,000
07/17/26
3
1
1,218
104 W Hillsboro Dr, Pendleton, IN
1.69
Single-Family Home
$300,000
02/20/26
3
2
3,924
6746 Knoll Crest Way, Pendleton, IN
1.58
Single-Family Home
$349,900
08/27/25
3
2
1,777

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
E State Road 38, Pendleton, IN 46064
0.25
$350,000
-
-
-
For Sale
W State St #38, Pendleton, IN 46064
0.25
-
-
-
-
Off Market
7612 S 50 W, Pendleton, IN 46064
0.65
$471,300
3
2
2,316
Off Market
8639 S 75 E, Pendleton, IN 46064
0.82
$609,000
2
2
2,578
Off Market
7447 S 25 E, Pendleton, IN 46064
0.87
$397,400
3
2
2,832
Off Market
7590 S 25 E, Pendleton, IN 46064
0.89
$1,425,000
5
5
13,521
Recently Sold
1237 W State Road 38, Pendleton, IN 46064
1.10
$197,800
2
1
1,012
Off Market
1237 W State Road 38 Rd, Pendleton, IN 46064
1.11
$186,000
2
1
1,012
Off Market
975 E State Road 38, Pendleton, IN 46064
1.17
$208,900
3
2
1,317
Off Market
Address Not Disclosed, Pendleton, IN 46064
1.16
-
-
-
-
Off Market
8091 S 100 E, Pendleton, IN 46064
1.21
$265,000
3
1
1,218
Recently Sold
8237 S 100 E, Markleville, IN 46056
1.22
$308,200
2
2
1,560
Recently Sold

Around this home

What Locals Say about Pendleton

At least 49 Trulia users voted on each feature.

  • 96 % Say yards are well-kept

  • 92 % Say it's dog friendly

  • 88 % Say car is needed

  • 87 % Say there's holiday spirit

  • 86 % Say people would walk alone at night

  • 83 % Say kids play outside

  • 78 % Say parking is easy

  • 77 % Say it's quiet

  • 69 % Say there are sidewalks

  • 69 % Say there's wildlife

  • 67 % Say neighbors are friendly

  • 61 % Say they plan to stay for at least 5 years

  • 59 % Say streets are well-lit

  • 54 % Say there are community events

  • 40 % Say it's walkable to restaurants

  • 25 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Chelsie Taylor
    "It is a close knit but very large community. We have access to several parks, a kayaking lake, and a community center that can be rented out for events. We also are able to vote at the community center and there is a church at the front of the neighborhood. "
    0
    Flag
  • Drgnwmn58
    "We all look after each other property pets kids if you need anything just let one of us know we got you "
    0
    Flag
  • Shannon F.
    "People are always walking dogs. A couple of homes don’t have fences and dogs will chase you. Most all neighbors here are responsible pet owners but there are always a few in the crowd..."
    10
    Flag
  • Accampbell
    "this place is a great place to live. it take a village and here you have one. people always look out for eachother just like family."
    0
    Flag
  • Mhuff430
    "Everyone is friendly. Plenty of kids for my daughter to play with in the neighborhood. The town is clean "
    2
    Flag
  • Jennifer B.
    "I’ve lived in town for 3 years. This is a tight community. I feel safe and love the culture. I appreciate that I can walk to most shops and eateries. "
    1
    Flag
  • Jenny C.
    "small town! everyone knows everyone. great schools!! historic downtown and great park. close to shopping and dining."
    1
    Flag
  • Joe P.
    "very good schools, we feel very safe here. just love it, all our neighbors help out. there is a true sense of community here."
    1
    Flag
  • Whitbrooke
    "Festivals we hold such as Christmas in Pendleton, the Fall Festival, Homecoming Parade, the small town feel."
    2
    Flag
  • Raysindygirl
    "I live here and love it. When I lived in Indy, I always wanted to move here because it is out of the hustle and bustle of Big Indy but close enough to visit. Takes about 20 mins to get to Castleton Mall"
    0
    Flag
  • ricksmiles77
    "Great area for families or singles. Close to many things at Hamilton Commons or to Anderson, Fishers & Noblesville. Swimming pool, clubhouse, playground areas. Home backs up to the lake."
    0
    Flag
  • william_h_30273
    "Great family neighborhood, two parks, swimming, tennis, basketball, volleyball, clubhouse."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 115 W State Road 38

  • What is the estimated monthly payment for 115 W State Road 38?
    Based on a $1,900,000 list price with 20% down at today's rates, the estimated monthly payment for 115 W State Road 38 in Pendleton, IN is approximately $11,183 (about $9,905 principal & interest, $1,203 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 115 W State Road 38 compare to homes in Pendleton?
    115 W State Road 38 in Pendleton, IN is listed at $1,900,000, about 523% above the $305K median sale price in Pendleton.
  • What do residents say about Pendleton?
    Residents describe Pendleton, IN as well-kept, dog-friendly, and easy to park in. Most residents say you need a car. See homes for sale in Pendleton, IN.
  • What are the closest schools to 115 W State Road 38?
    The closest schools to 115 W State Road 38 in Pendleton, IN are East Elementary School (rated 7/10), Pendleton Heights High School (rated 9/10), Pendleton Heights Middle School (rated 6/10).
  • Does 115 W State Road 38 have air conditioning?
    Yes, 115 W State Road 38 in Pendleton, IN has air conditioning.
  • Does 115 W State Road 38 have a pool?
    Yes, 115 W State Road 38 in Pendleton, IN has a pool.
Caleb Cleek, Jeff Boone Realty, LLC
Based on information submitted to the MLS GRID as of 2026-08-16 19:17:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
115 W State Road 38, Pendleton, IN 46064 is a 4 bedroom, 2 bathroom, 3,435 sqft single-family home built in 1879. This property is currently available for sale and was listed by MIBOR as distributed by MLS GRID on Jun 10, 2025. The MLS # for this home is MLS# 22043463.